The Pakistan Stock Exchange (PSX) landed in the red on Thursday after consecutive sessions in the green, with the benchmark KSE-100 Index losing 572 points, or 1.32 per cent, to fall below the 42,800-mark.

The index hit a day's high of 43,387 points before sliding in the later hours to a low of 42,706 before closing at 42,775.

Of the 380 symbols traded in the session, 94 advanced, 253 declined and 33 remained unchanged.

"Domestic political noise mainly triggered anxiety among investors as courts not only froze assets and issued arrest warrants against Finance Minister Ishaq Dar but also ordered Punjab government to make judicial report of Model Town incident public," analyst note by Elixir Securities said.

Volumes fell form Wednesday, with 165.7 million stocks worth Rs8.7 billion traded in the day. The technology sector dominated the day's trading with 18.9m shares traded, while power generation and oil and gas followed with 15.1m and 15m shares traded respectively.

Volumes were led by:

K-Electric Ltd: 12.5m shares traded [+1.30pc]

Sui South Gas: 11.2m shares traded [-0.18pc]

Engro Polymer: 9.9m shares traded [+1.66pc]

WorldCall Telecom: 8.6m shares traded [+1.78pc]

TRG Pak Ltd: 8.3m shares traded [-4.44pc]

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

PAKISTAN has now registered 50 polio cases this year. We all saw it coming and yet there was nothing we could do to...
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...
Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...